What is Tejon Ranch's farming — fixed water obligations?

Tejon Ranch (TRC) reported farming — fixed water obligations of $1.01M in Q1 2026.

What does farming — fixed water obligations mean?

Represents the contractual, non-discretionary payments required to secure water rights or access for agricultural irrigation. This is a critical cost driver for farming operations in regions where water availability is a significant operational constraint.

Tejon Ranch TRC Farming — Fixed water obligations

Similar metrics at other companies

FPIFixed Farm Rent — Operating Lease Lease Income

$4.76M-1.2%

FPIGroundwater

$8.86M-19.7%

MAMAFarmingdale — Rent payments

$84K0.0%

HLGreens Creek — Contractual Obligation

$8M-59.2%

PACSContractual Obligation, To Be Paid

$4.99B-2.3%

JEFOther Contractual Commitments

$1.88B+121%

Other financials

Income statement

See full

Revenue$9.5M+15.8%

Operating income-$1.1M+72.9%

Net income$151.0K+110%

EPS (diluted)$0.01+120%

Balance sheet

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Cash & equivalents$4.7M-62.0%

Total debt$48.6M-3.4%

Total equity$474.5M+0.4%

Total assets$634.2M+3.2%

Cash flow

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Operating cash flow$3.3M+346%

CapEx$1.9M-89.3%

Free cash flow$1.4M+108%

Valuation

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Market cap$498.28M+11.9%

P/E294.8×+86.8×

P/S9.8×-0.6×

Profitability

See full

Operating margin-38.9%-41.8pp

Net margin3.3%-1.7pp

FCF margin-121.6%-13.5pp

Returns & leverage

See full

Return on equity0.4%-0.1pp

Debt / equity0.1×0.0×

Current ratio2.8×+0.1×

Where this comes from

Reported directly by Tejon Ranch in its filing.

Tagged under the XBRL concept trc:FixedWaterObligations.

The official record: Tejon Ranch’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tejon Ranch's farming — fixed water obligations?: Tejon Ranch (TRC) reported farming — fixed water obligations of $1.01M in Q1 2026.
What does farming — fixed water obligations mean?: Represents the contractual, non-discretionary payments required to secure water rights or access for agricultural irrigation. This is a critical cost driver for farming operations in regions where water availability is a significant operational constraint.